TriLinc Global Sustainable Income Fund II Secures Funding of $18 Million in Partnership With BlueOrchard Impact Investment Managers

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–TriLinc Global Sustainable Income Fund II (“TGSIF II”) announced today a new funding of $18 million in partnership with BlueOrchard Finance Ltd (“BlueOrchard”) to provide financing to middle market companies operating in Emerging Markets around the world. This is the second facility TriLinc has partnered on with the global impact investment manager with the first being a $25 million funding in TGSIF vintage I in January of 2021. The new $18 million financing will provide additional capital which TGSIF II will invest in SME’s (small and medium sized enterprises) in developing economies globally including various sectors like agriculture, manufacturing, infrastructure and more.

“We value the continuing relationship with BlueOrchard and support the positive impact they are making for communities and the environment,” commented Gloria Nelund, CEO and founder of TriLinc Global, LLC.

“BlueOrchard’s specialized expertise leverages more than 20 years of global experience in impact investing.”

Normunds Mizis, Chief Credit Officer of BlueOrchard, said, “We look forward to increase impact investing for a sustainable world together with TriLinc and are pleased to be partnering with their dedicated team.”

 

About TriLinc Global

TriLinc Global (www.trilincglobal.com)

TriLinc Global is an impact investing fund sponsor with a mission to link market-rate returns, positive impact, and scalable solutions. Through its registered investment advisor subsidiaries, TriLinc Global has invested over $1 billion in private debt globally and seeks to demonstrate the power of the capital markets in helping solve some of the world’s pressing socioeconomic and environmental challenges. TriLinc Global funds provide growth-stage loans and trade finance to established small and medium enterprises (“SMEs”) in select developing economies where access to affordable capital is limited. Borrower companies must demonstrate the ability to pay market rates, pass TriLinc Global’s environmental, social, and governance (ESG) screens, and commit to tracking and reporting on self-identified impact metrics.

TriLinc complements its global macroeconomic portfolio organization and management with investment services from experienced investment partners that have established track records on target asset classes and geographies, and access to a high-quality investment pipeline.


DISCLAIMER

This information is for general purposes only and does not represent a recommendation or offer of any particular security, strategy, or investment. There is no guarantee that TriLinc’s investment strategy will be successful or will avoid losses. The use of leverage can make investment performance more volatile. Investment in a pooled investment vehicle involves significant risk including but not limited to: units are restricted; no secondary markets; limitation on liquidity; transaction and redemption of units’ distribution made may not come from income and if so will reduce the returns; are not guaranteed and are subject to Oversight Committee discretion. TriLinc is dependent upon its advisors and investment partners to select investments and conduct operations. TriLinc is not suitable for all investors. TriLinc Global LLC ( “TLG”) is a holding company and an impact fund sponsor founded in 2008. TriLinc Advisors, LLC (“TLA”) and TriLinc Global Advisors, LLC (“TLGA”) are wholly-owned subsidiaries of TLG and are SEC registered investment advisors. Securities offered through CommonGood Securities LLC, Member FINRA/SIPC. Registration and memberships do not indicate a certain level of skill, training, or endorsement by the SEC, FINRA, or SIPC.

Contacts

Robert Kronman – Director of Marketing
rkronman@trilincglobal.com
(o) 424 200 6202
(c) 310 497 2116

Webinar Replay: ESG – Drivers and Opportunities for Institutional Investors

On May 26, 2021, Gloria Nelund, CEO and Founder of TriLinc Global, and Joan Trant, Managing Partner, hosted an educational webinar on ESG: Drivers and Opportunities for Institutional Investors.

The webinar covered several topics, including:

  • What is ESG investing: market-based, scalable, client-driven
  • Why is it important: risk mitigation, competitive landscape, potential for out-performance
  • How is it executed: screens, categorization, due diligence, credit committee assessment, investee accountability, monitoring, and reporting
  • Case studies

 

Click here to download a copy of the webinar deck.

Meet the Borrowers

At TriLinc’s 2021 Virtual Investor Forum, two of our borrower companies in Indonesia and Ecuador provided educational overviews of their operations and challenges. To hear their stories, please click below; contact us to learn more about the Investor Forum.


Cocoa Producer: Indonesia

 


Sustainable Packaging Manufacturer: Ecuador


DISCLAIMER
The highlighted investments may or may not have been profitable. This is a speculative investment and as such involves a high degree of risk. There is no guarantee that future investments will be similar. Nothing contained above shall constitute a recommendation or endorsement to buy or sell any security or other financial instrument. A full list of our borrowers can be found here.

All TriLinc Borrowers

Below is an alphabetical list of all past and present TriLinc borrowers as of February 29, 2024.


A

B

C

D

E

F

G

H

I

L

M

N

O

P

R

S

T

V

W


DISCLAIMER
Information provided displays all past and current investments across all TriLinc funds as of December 31, 2020 and does not include short term investments. Short term investments are defined by TriLinc as investments that generally meet the standard underwriting guidelines for trade finance and term loan transactions and that also have the following characteristics: (a) maturity of less than one year (b) loans to borrowers to whom, at the time of funding, TriLinc does not expect to re-lend. The highlighted investments may or may not have been profitable. This is a speculative investment and as such involves a high degree of risk. There is no guarantee that future investments will be similar. Nothing contained above shall constitute a recommendation or endorsement to buy or sell any security or other financial instrument.

Webinar Replay: How TriLinc Uses Leverage

On January 14, 2021, Paul Sanford, Chief Investment Officer of TriLinc Global, and Tim Morgan, Director of Business Development, hosted an educational webinar on How TriLinc Uses Leverage.

The webinar covered several topics, including:

  • How leverage offers new capital
  • The benefits of reaching more SMEs with capital investment
  • Case Study: Blue Orchard leverage financing to the TriLinc Global Sustainable Income Fund

 

Click here to download a copy of the webinar deck.

TriLinc Global Sustainable Income Fund secures funding of $25 million from BlueOrchard Impact Investment Managers

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–TriLinc Global Sustainable Income Fund (“TGSIF”) announced today a new funding of $25 million from Luxembourg-based BlueOrchard Impact Investment Managers (“BlueOrchard”) to provide financing to middle market companies operating in Emerging Markets around the world. The financing will provide additional capital which TGSIF will invest in SME’s (small and medium sized enterprises) in developing economies globally including various sectors like agriculture, manufacturing, infrastructure and more.

“We believe this financing from BlueOrchard significantly helps support our mission to harness the power of capital markets in solving global challenges facing our society,” commented Gloria Nelund, CEO and founder of TriLinc Global, LLC.

“By intentionally selecting investments with the potential for market-rate financial returns and positive measurable impact, TriLinc seeks to meet its goals to do well by doing good.”

Normunds Mizis, Chief Credit Officer of BlueOrchard said, “We believe by supporting the TriLinc Global Sustainable Income Fund, we can increase impact investing for a sustainable world. We are delighted to be partnering with the dedication and hard work of the TriLinc team in emerging markets.”

 

About TriLinc Global

TriLinc Global (www.trilincglobal.com)

TriLinc Global is an impact investing fund sponsor with a mission to link market-rate returns, positive impact, and scalable solutions. Through its registered investment advisor subsidiaries, TriLinc Global has invested over $1 billion in private debt globally and seeks to demonstrate the power of the capital markets in helping solve some of the world’s pressing socioeconomic and environmental challenges. TriLinc Global funds provide growth-stage loans and trade finance to established small and medium enterprises (“SMEs”) in select developing economies where access to affordable capital is limited. Borrower companies must demonstrate the ability to pay market rates, pass TriLinc Global’s environmental, social, and governance (ESG) screens, and commit to tracking and reporting on self-identified impact metrics.

TriLinc complements its global macroeconomic portfolio organization and management with investment services from experienced investment partners that have established track records on target asset-classes and geographies, and access to a high-quality investment pipeline.


DISCLAIMER

This information is for general purposes only and does not represent a recommendation or offer of any particular security, strategy, or investment. There is no guarantee that TriLinc’s investment strategy will be successful or will avoid losses. The use of leverage can make investment performance more volatile. Investment in a pooled investment vehicle involves significant risk including but not limited to: units are restricted; no secondary markets; limitation on liquidity; transaction and redemption of units’ distribution made may not come from income and if so will reduce the returns; are not guaranteed and are subject to board discretion. TriLinc Global is dependent upon its advisors and investment partners to select investments and conduct operations. TriLinc is not suitable for all investors. TriLinc Global LLC (“TLG”) is a holding company and an impact fund sponsor founded in 2008. TriLinc Advisors, LLC (“TLA”) and TriLinc Global Advisors, LLC (“TLGA”) are wholly-owned subsidiaries of TLG and are SEC registered investment advisors. Securities offered through CommonGood Securities LLC, Member FINRA/SIPC. Registration and memberships do not indicate a certain level of skill, training, or endorsement by the SEC, FINRA, or SIPC.

Contacts

Robert Kronman – Director of Marketing
rkronman@trilincglobal.com
(o) 424 200 6202
(c) 310 497 2116

PRI Board Election 2020 – Vote for TriLinc Global, LLC Peter Greenwood

TriLinc is pleased to announce that its Director of ESG and Impact, Peter Greenwood, is a candidate running for the board of the Principles of Responsible Investment (PRI). If your organization is a PRI signatory, we kindly ask for your vote!


As noted in Peter’s candidate statement, he brings over 10 years of responsible investment experience in the emerging markets, particularly in private equity and private debt strategies with both TriLinc Global, LLC and U.S. government international development finance agencies. Unique to Peter’s experience is his track record of integrating and executing multidisciplinary ESG analyses and impact measurement strategies into investment processes to further enhance investor and investee company accountability, transparency, and non-financial sustainability.

As an ESG and impact measurement practitioner rather than investment professional, Peter’s election to the PRI board would bring a fresh responsible investment perspective to the PRI by contributing:

  • Lessons learned from emerging markets, primarily from Sub-Saharan Africa and Latin America;
  • Practical and timely sustainability insights from both an investor and investee company perspective; and
  • Insights into achieving the balance between rigor, efficiency, and effectiveness in reporting requirements.

 

For further details on Peter’s background, please see his candidate statement and video statement.


The PRI signatory representative at your organization should have received the official ballot from the PRI via email. Voting takes place online, using the instructions within the ballot email from the PRI.

Voting closes on December 4 and results will be announced on December 11.

Peter is running against a field of six other highly qualified candidates, including an incumbent which has extensive responsible investment experience. While TriLinc is of course biased towards Peter’s candidacy, we do want to take a moment and applaud this group of qualified professionals from across the globe and the contributions both they and their respective organizations make to the PRI and the greater responsible investment industry. To this end, we appreciate your support and vote for Peter but please also join us in celebrating the depth of professionals and organizations moving the responsible investment needle forward.

Should you have any questions about Peter’s candidacy please either contact TriLinc’s Director of Marketing, Rob Kronman (rkronman@trilincglobal.com) or contact Peter Greenwood directly (pgreenwood@trilincglobal.com).

Antigen? Antibody? P.C.R. ? Understand Coronavirus Tests.

Reprinted with the courtesy of the New York Times. All rights reserved.

By Tariro Mzezewa

 

Antigen? Antibody? P.C.R. ? Understand Coronavirus Tests.

For travelers, here’s what you need to know to assure yourself and others that you aren’t spreading the virus.


For those who must travel, or those who are itching to do so, airlines and airports are increasingly offering ways to get tested for the coronavirus ahead of a trip. Taking a test can assure you and others that you aren’t spreading the virus from one place to another. In recent weeks, destinations including Hawaii, New York, Washington, D.C., and some Caribbean countries began allowing people who have tested negative for the virus and can show test results to skip mandatory 14-day quarantines, a process that some view as risky because it is possible that people can take a test, receive a negative result and then contract the virus later.

 

Are all coronavirus tests the same?

No. There are two categories of coronavirus test: virus test, which help determine if you have the coronavirus, and antibody tests, which detect if you have an immune response because of past exposure to the virus. If you want to find out if you currently have the coronavirus, you should plan on taking a virus test like a polymerase chain reaction or P.C.R., test. P.C.R. tests are currently considered the gold standard for tests because of their accuracy and reliability. These tests can detect an active infection and require a swab in the nose or back of the throat. Some tests use saliva. The test is highly sensitive and looks for the virus’s genetic material.

Another type of diagnostic test is an antigen test, which detects the presence of a specific viral antigen or bits of coronavirus proteins, implying current viral infection. For antigen tests, a sample is collected by nasal swabbing with hopes that there are some virus proteins in the sample. You’ve probably heard of antibody tests, too, but those aren’t what you need in order to travel. An antibody test checks for antibodies, which may tell you if you had a past infection with the virus that causes Covid-10.

 

Are rapid tests reliable?

Many companies have released rapid tests, which are mostly antigen tests and take minutes to return results. These tests tend to be less accurate, and false negatives could lead people to be reckless and unwittingly spread the virus, but they are fast and affordable. You can check if your airline and destination accept results from rapid antigen tests.

 

How do I know which test to take?

Most airlines and destinations will accept P.C.R. tests, although others might also be allowed. If you’re taking a test specifically because you are about to travel, you should first see if your destination has a list of tests that it will accept. Many places including Hawaii, Washington, D.C., New York, and a number of Caribbean countries specify which tests they will accept. If you get a test that isn’t approved, you could be forced to quarantine upon arrival, or the airline could prevent you from boarding the flight.

 

Where do I get a test?

Many places are offering coronavirus tests, including some hospitals, urgent care clinics, pharmacies, and doctors’ offices. Some churches and fire stations are offering testing, too. Airlines like Hawaiian Airlines, United Airlines, JetBlue, and American Airlines are offering testing at the airport or at nearby drive-through sites for passengers heading to certain destinations. Some airports have clinics in terminals. Companies including CareCube and Pixel by LabCorp will mail a test to you; after you send back a sample, they promise to send your results within 12 to 34 hours and 36 hours, respectively. JetBlue has a partnership with Vault Health for mail-in tests. It’s a good idea to start by reaching out to your doctor’s office to see what all the available options for testing are and how long it will take to get results. If you don’t have a primary care provider, a good place to start is on city and state health department websites, which outline the various testing options and locations.

 

I have a trip coming up. When should I take my test?

You should get a coronavirus test before you travel. Figuring out the exact time can be tricky, but you can’t wait too long to take the test because you might not get the results back in time to go on your trip. For those reason, many destinations, including France, Aruba, Bonaire, Puerto Rico, and Hawaii require that the test be taken within 72 hours of departure. Abu Dhabi and Croatia require test results within 48 hours of departure. Some airlines, like Egypt Air, allow travelers to use results from a test taken up to 96 hours before travelling, depending on where they are travelling from and to. You can walt into a testing site, but it’s a good idea to schedule an appointment and to not wait until the last minute to get the test.

 

How long does it take to get test results back?

It depends. If you’re taking a test because you’re getting ready to go on a trip, you should look for test providers who will get results back to you with 36 hours so that you have your results by the time you leave for your trip. Keep in mind that different tests will come with different wait times for results. Rapid tests typically return results in less than an hour, and results from P.C.R. tests tend to take a few days because samples have to be sent to a lab. There’s always a chance that your results won’t arrive in time, so try to be flexible with your travel plans.

 

Does insurance cover coronavirus tests?

Not all tests are covered by insurance, but since the passage of the Families First Coronavirus Response Act in March, many people should have coverage for coronavirus testing. Under the act, public and private insurance, including self-funded plans, have to cover F.D.A. -approved coronavirus tests and costs associated with diagnostic testing. Rapid tests like the ones offered at the airport on the day of travel might not be covered by many insurance companies.

 

What should I do if I test positive for the virus?

Stay home and isolate. Don’t travel with the virus.


DISCLAIMER

The statements and opinions expressed in this article are those of the New York Times. The information contained in this article is distributed for informational purposes only. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. TriLinc cannot guarantee the accuracy or completeness of any statements or data. The information contained in this article is accurate as of the date submitted but is subject to change.

Webinar Replay: Investing in Trade Finance

On October 15, 2020, Paul Sanford, Chief Investment Officer of TriLinc Global, and Enrico Scalvini, VP Investments, hosted an educational webinar on Investing in Trade Finance.

The webinar covered several topics, including:

  • Why trade finance is a global opportunity
  • Why changing bank regulations are affecting the flows of capital in this type of lending
  • How a typical trade finance transaction works and settles
  • How we use trade finance in our portfolio strategy
  • Risks associated with this type of lending and how we structure our transactions to help mitigate it
 
Click here to download a copy of the webinar deck.

Webinar Replay: Investing in America

On September 24, 2020,  Gloria Nelund, Founder and CEO of TriLinc Global, and Paul Sanford, Chief Investment Officer, hosted an educational webinar on Investing in America.

The webinar covered several topics, including:

  • Why TriLinc started in Emerging Markets
  • Why invest in America now, and where?
  • Compelling U.S. demand
  • Target Companies
 
Click here to download a copy of the webinar deck.